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Cryptocurrency News Articles
Legal Expert Jeremy Hogan Speculates on the Possibility of XRP Inclusion in a Future US Digital Asset Reserve
Feb 12, 2025 at 05:48 am
Legal expert Jeremy Hogan, who has been actively discussing the U.S. reserve strategy, has recently put forward a speculative argument regarding the possibility of the U.S. government including XRP in a future digital asset reserve.
Legal expert Jeremy Hogan, known for his active commentary on the U.S. reserve strategy, has recently put forward a speculative argument regarding the possibility of XRP being included in a future digital asset reserve by the U.S. government. His perspective challenges common criticisms of the token and suggests that government decision-making in this area may not align with the expectations of cryptocurrency enthusiasts.
Many Bitcoin supporters and other crypto advocates have questioned the suitability of XRP as a reserve asset, often highlighting concerns related to Ripple’s substantial holdings. Critics argue that Ripple’s control over a significant portion of the native token creates centralization risks, making it an unsuitable candidate for inclusion in a national strategic reserve.
Countering this narrative, Hogan recently took to social media to present an opposing view. He pointed out that many detractors assess the token’s potential from a purely cryptocurrency-focused perspective, concentrating on aspects like decentralization. However, he suggests that these factors may be irrelevant to the government’s broader economic considerations.
According to Hogan, a national strategic reserve is not about aligning with cryptocurrency ideals but rather about securing assets that could provide economic stability. He compares it to gold reserves, which governments maintain for financial security rather than adherence to decentralized principles.
Hogan’s analysis suggests that if the U.S. government were to incorporate XRP into a digital asset reserve, it would likely do so based on economic foresight rather than cryptocurrency-related factors. He proposes that the token could be viewed as a hedge against future financial uncertainties or global economic shifts.
Additionally, he notes that the government might recognize potential advantages in holding XRP that Bitcoin advocates overlook. Furthermore, Hogan points out that if Ripple were to compromise the integrity of the XRP Ledger, the U.S. government could take control of the company, similar to actions taken in past global crises.
He also raises the possibility of the government seizing Ripple’s escrowed XRP holdings. He compares this to historical precedents, like President Franklin D. Roosevelt’s 1933 executive order that restricted gold hoarding to stabilize the U.S. economy. While such an action remains speculative, it highlights potential measures the government could take if the asset were deemed a crucial asset.
At present, the U.S. government has not established an official digital asset reserve or selected any cryptocurrency for inclusion. However, a presidential working group is actively assessing the risks and benefits of forming such a reserve.
As part of this evaluation, the group will submit a detailed report to the Assistant for National Economic Policy within 180 days of an executive order issued by President Donald Trump regarding digital asset markets.
While it remains unclear which cryptocurrencies might be considered for a future reserve, Ripple has already engaged with policymakers to advocate for a diversified approach. CEO Brad Garlinghouse has confirmed discussions with government officials, highlighting the benefits of a multi-asset reserve rather than one centered solely on Bitcoin.
Ultimately, the inclusion of XRP in a U.S. strategic reserve remains uncertain. However, Hogan’s analysis highlights key economic considerations that could influence government decisions beyond the cryptocurrency community’s expectations.
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